Oxford Instruments (LON:OXIG) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

Oxford Instruments (LON:OXIG)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Financial Group in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 3,000 price target on the stock. Jefferies Financial Group‘s price objective points to a potential upside of 14.42% from the stock’s current price.

Several other research analysts have also weighed in on the company. Berenberg Bank cut their target price on Oxford Instruments from GBX 3,000 to GBX 2,840 and set a “hold” rating on the stock in a research report on Wednesday, October 14th. JPMorgan Chase & Co. upped their price target on Oxford Instruments from GBX 3,200 to GBX 3,400 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 2,948.

Oxford Instruments Stock Performance

Oxford Instruments stock opened at GBX 2,622 on Wednesday. The stock has a fifty day moving average price of GBX 2,764.23 and a 200 day moving average price of GBX 2,776.04. Oxford Instruments has a 52 week low of GBX 1,850 and a 52 week high of GBX 3,318. The firm has a market capitalization of £1.43 billion, a P/E ratio of 31.33, a PEG ratio of -3.56 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.11 and a debt-to-equity ratio of 13.08.

Oxford Instruments (LON:OXIG) last posted its quarterly earnings results on Tuesday, November 10th. The company reported GBX 42.60 EPS for the quarter. Oxford Instruments had a return on equity of 13.94% and a net margin of 11.39%. The company had revenue of £201.10 million during the quarter. Equities research analysts anticipate that Oxford Instruments will post 117.71 earnings per share for the current year.

Insider Activity

In other Oxford Instruments news, insider Richard Tyson purchased 65 shares of Oxford Instruments stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of GBX 2,731 per share, with a total value of £1,775.15. Also, insider Paul Fry bought 66 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of GBX 2,731 per share, for a total transaction of £1,802.46. 1.56% of the stock is owned by company insiders.

About Oxford Instruments

Oxford Instruments provides academic and commercial organisations worldwide with market-leading scientific technology and expertise across its key market segments: materials analysis, semiconductor, and healthcare & life science. Innovation is the driving force behind Oxford Instruments’ growth and success, supporting its core purpose to accelerate the breakthroughs that create a brighter future for our world. The vigorous search for new ways to make our world greener, healthier and more productive is driving unprecedented levels of R&D investment in new materials and techniques to support productivity and decarbonisation worldwide, creating a significant opportunity for Oxford Instruments to grow.